what does plus or minus mean in sports betting

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What does plus or minus mean in sports betting double chance betting strategy

What does plus or minus mean in sports betting

Front-door Cover: This is the opposite of Back-door cover. It is used in reference to the favored team scoring meaningless points late in the game to cover the spread. Futures bet: This refers to placing a bet on any future event in the season. For example, putting down a bet early in the football season for who will win a bowl game. Handicapping: This is when someone tries to predict the outcome of any given game.

Home field advantage: The edge a team is supposed to have when they play on their home field. Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge. Line: This is the odds, points, money line, or point spread offered on football games. Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games.

Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games. Overlay: This is a term to refer to odds that are higher than they should be. These odds favor the bettor not the house. Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win. This is particularly important when betting on NCAA football. Player: This is a term that refers to any person that puts down a bet on any given sports event.

Point Spread: This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field. Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be. Soft line: This refers to a line that has been adjusted because of the result of an action.

It is not the true posted line. Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor. A FREE click is all it takes to help any or all ten of these good causes. Betting on sports, and college football specifically, is illegal. Congress banned sports betting in while allowing it in four states -- Nevada, Delaware, Montana and Oregon -- that had already been offering it.

Las Vegas is the most popular destination if you want to make a bet on college football, where the number of 'sports books' is many. That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information. First, however, a word of caution: Sports betting can be a fun and profitable venture.

However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control. If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous. Below is a mini-tutorial on sports betting, the types of football bets and football betting terms. Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet.

You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively. Say the Bears are a six-point favorite over the Lions and the total is To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win.

Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides "push" and all bets are returned. It's also a push if the final score equals 42, otherwise the over or under will win. Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing.

If you like favorites, you're going to be betting a lot to win a little. The money line will always be listed to the right of the point spread on the odds board in a sports book. Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff.

But they are fool's gold at best. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale. Each game on a parlay must win for the bet to be a winner. This is how the sportsbooks make a lot of their money.

For instance, let's say you want to bet a two-team parlay. However, the sportsbook is only going to pay you 2. The house vigorish - and your chances of winning - get worse with the more teams you add. So while some sportsbooks will let you place a teamer with astronomical odds, you probably have a better chance of being struck by lighting - twice - before winning one.

You are much better off sticking to two-team parlays exclusively, if you insist on taking poor odds and placing parlay wagers. Teaser bets - The teaser is so named because it, too, looks tempting, but if you allow yourself to get too seduced, you'll usually end up on the losing end. The teaser bet gives or takes away extra points from the team you back.

However, there are some good values with teaser bets if you know how and where to find them. For instance, the six-point teaser is an especially effective bet in the NFL, where most games are tightly contested and six points can make a world of difference. For instance, in our previous example, the Bears would go from laying six points to simply needing to win if you put them on a teaser bet. Conversely, Detroit backers could get 12 points instead of the starting six.

Source: Doc's Sports Service. This page requires JavaScript, which is not enabled on your browser. Source: Doc's Sports Service When you bet on the money line , you are betting on one side to simply win. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you. When the point spread was invented in Chicago by Charles McNeil the money line took a backseat.

In football the money line is often a popular choice for bettors who have been burned by last-second scoring that actually had no actual affect on the outcome of the game. Money line bets tend to be even more popular with underdogs. A nice profit can be made if a touchdown or more underdog pulls off an outright win. When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points. This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further.

Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina? When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee?

Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election. When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years.

When will sports betting be legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so. Is sports betting legal in Iowa? Iowa legalized sports betting in , becoming the 11th state to pass a bill. When will sports betting be legal in Illinois?

Illinois passed sports betting legislature June and launched at physical sportsbooks March , becoming the 15th state to offer wagering. Is sports betting legal in Illinois? Illinois passed sports betting legislature in and launched at physical sportsbooks in March When will sports betting be legal in Colorado?

Colorado legalized in-person and mobile sports betting November after a bill was signed by the governor and then approved by voters.

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The moneyline odds for Super Bowl 54 at BookMaker sportsbook looked like this:. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite. Since both numbers behind the plus and minus signs were close to , you could tell that both teams were a close match for each other.

With odds like this, you could have expected a game full of fireworks. Once you understand the meaning of the signs that you see a lot across the sports betting landscape, it's time to dive into practical matters. It should be clear that with the American odds, you can make way more bets than simply the moneyline bets.

We want to show a few of the most popular examples and point out how to calculate your potential payout. The kind of bets you can start wagering on today are:. We slightly went into the moneyline bets already, but we want to provide a deeper understanding of this type of bet. To calculate your payout for a moneyline bet, you should know that the holy number is dollars.

Let's imagine Bill from Las Vegas wants to place a bet on this match. The odds are as follows:. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog. Straight bets are types of betting wagers on a single sporting event that carries a point spread, the final score of a game, moneyline, run line or puck line. You might wonder, doesn't that cover basically all games?

The difference here is that a bet is only straight up when it regards a single sporting event -- the bet should not cross multiple games. This term is very common across moneyline bets as they always regard a single game. The point spread bet is there to give bettors the possibility to bet on any kind of match, no matter the skill difference between the two teams. You bet on the difference in the number of points between the two teams.

The odds might look like this:. In this example, the negative number indicates the favorite, while the positive number indicates the underdog. Let's say you bet on the Spurs to cover the spread. For your bet to be successful, the 76ers need to win by at least 2 points. If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-up.

Sports bettors put their money on the final score of the match. The American odds could look like this for this game:. In this case, you should look out for the relative offensive and defensive capabilities of both teams. This is one of the most straightforward bets to understand, but it can be tough to predict. Anyone who places sports wagers now and then is open to taking a risk.

In a way, the point spread will even the field for both teams. The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus - the point spread.

The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread. Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more.

Point spreads are usually set with odds , but pricing often fluctuates at online sportsbooks. The odds guarantee the sportsbook operator will see a little money over time. A spread of minus-seven -7 means that a is favored to win the game by a touchdown technically, a touchdown and the extra point. A team favored by -7 must win the game by eight or more points to win the bet. A loss by seven would result in a push. A -3 spread means that the favorite must win by more than a field goal to win the wager.

A three-point win would result in a push and the sportsbook would refund the wager. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.

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Is sports betting legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia? Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia?

When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina?

Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina? When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee?

Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election. When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years. When will sports betting be legal in Louisiana?

Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so. Is sports betting legal in Iowa? As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is. However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet.

If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em. Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary. These odds may be the easiest of the three to understand just by looking at the numbers. The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite.

The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds. Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, times 2. How do you read sports betting odds? Moneyline Bets A moneyline bet is on the straight-up winner of a game.

Spread Bets A spread bet is on the forecasted point differential between two teams. Odds Bet Return Profit Liverpool 1. Which states in US have legal sports betting? As of , there are 21 states and Washington D. Can you bet on sports online? But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering.

When was sports betting legalized? When will sports betting be legal in Indiana? Sports betting in Indiana was legalized September and online gambling launched a few months later. Is sports betting legal in Indiana? Indiana passed a bill to allow sports betting in and wagering started in October with online betting opening a couple months later.

When will sports betting be legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia? Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia?

When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina?

Point spread betting is the most popular form of sports betting.

Binary options robot demonstrations Moneyline bets are as straightforward as it gets in sports betting. To pick your favorite sportsbook, we have a short checklist to use:. Underdog: This is a term that refers to the team that is expected to lose. If you bet the Lakers, any of the following will declare you a winner. But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering. The listed point spread at the time you make your bet may be different from the point spread when the game starts.
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Fast engine betting odds In many cases, point spreads will not be an even number. Odds and the number of points available to "tease" vary from casino to casino. However, the sportsbook is only going to pay you 2. Braves Dodgers Braves Dodgers Even You can arrive at the underdog's price by looking at the favorite's line. If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet.
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Wgc bridgestone 2021 betting tips In the case of a push, all bets are returned to the bettor. For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions. And it varies country-by-country. Let's imagine Bill from Las Vegas wants to place a bet on this match. Line: This is the odds, points, money line, or point spread offered on football games. Basketball Teasers: A wager that improves the point spread, but at reduced odds. However, like most good things in life there are pitfalls to be aware of.
What does plus or minus mean in sports betting This is one tutorial mineral bitcoins stock the most common questions in sports betting, especially to new sports bettors. Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. It's a risky situation as both your bets need to be successful, but it could bring you big rewards in return. The structure of betting on auto racing is similar to that of golf. With odds like this, you could have expected a game full of fireworks. Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Don't forget about the in-game betting option, also known as live betting.
What does plus or minus mean in sports betting 562

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All other football bets will take place on the money line, which is simply a way to express odds. Another popular bet using the money line is when you bet on a team to simply win the game. In the above example, you see a money line. Note: All the different bets in pro and college football are more or less self-explanatory. The key to understanding the bets is to be able to understand the odds. The standard form of betting is on the point spread, with all other bets expressing odds on the money line.

The only real distinction between NBA and college in terms of betting is that the NBA plays quarters, while college basketball games are played in two halves. In the above example, you see a basketball point spread. The spread is 7. San Antonio at If you bet on San Antonio at A bet on Dallas would win if they won the game straight-up or if they lose by 7 or fewer points.

A point spread is a type of handicap. Both sides of an against-the-spread bet pay the same, but the teams are obviously not of the same quality. A point spread evens things out and gives both sides of the bet some wagering appeal. Most other basketball bets are governed by the money line, which is just a way to communicate odds. Here is an example:. Above you see a money line wager, where you simply pick who will win the game, with no mind being paid to point spreads. With money lines, remember that plus signs mean underdogs and minus signs mean favorites.

This form of odds expression is used for all facets of basketball wagering. The bets themselves are easy to comprehend, but to really understand a bet, you just need to understand the odds. Knowing the point spread and money line will allow you to do that. The two teams in a game are simply given odds. You pick a winner. There are certainly other bets available when wagering on baseball, but they are easy to understand.

The only part that might be tricky is the odds, but understanding the money line means you understand baseball betting odds. Remember these 4 things about the money line and you will be equipped to at least understand how the wagering of baseball works:. Again, there are a bevy of other bets in baseball other than who will simply win the game.

But they all take place on the money line, the key to being able to at least understand baseball betting. Note: Understanding the money line will not only have you ready to understand baseball betting, but it will also mean you understand boxing, MMA, tennis, auto racing, hockey, soccer, and elements of football and basketball wagering.

Free Newsletter: Receive wiseguy plays, betting strategies and special promotions! Cincinnati Bengals Arizona State In the above example, you see a money line. To do this, just like in 2nd grade, you take the first number and divide it by the second. That is the decimal form odds , now you simply multiply 1. Now for American Style Sports Odds. Typically, when you are betting on the point spread, as in topic 1 above, the odds are displayed or implied to be , which is known as American Style odds.

Now that you have the basics down, there is only one thing left to discuss — where to bet that is safe. I strongly recommend that you start by wagering on only one pick per day. If you bet that way, you will surely get nickel and dimed out of your bankroll. Spend time studying the teams and choose your best selection available.

Decide on a budget of how much you are willing to risk. Now you need a reputable online sportsbook online sports betting site to do business. There are millions of sites out there, but only a handful that will treat you right. I deal with a few main sites in my personal online sports betting, Bovada , BetOnline , and MyBookie. Check these sites out and see which one fits you best. Maybe you will take advantage of the bonuses at those sites and then decide which one you want to continue to use.

I prefer to use multiple sites, so I have a selection of lines to choose from to get the best available payout! If you want more details and options, just go to the sportsbook reviews and ratings page. I hope that I have answered some of the nagging questions about sports betting and how it works.

Feel free to use the form below to contact me directly with any question you may have. Good luck! Also, be sure to check out my free sports picks! Be sure to come back often for new reviews and recommendations. Skip to main content Skip to primary sidebar Skip to footer. Topic 1 The Point Spread and Totals Okay, you look at the games for Sunday and you see the betting lines displayed something similar to; San Francisco -5 vs. How to Read and Bet Point Spreads Whenever you see a team with a - negative number next to them, -5 in this case , it means that team is favored to win by that number of points.

Topic 2 The Moneyline or Straight-Up wager This is where you simply wager on which team will win the game outright, no point spreads, no BS…just the straight up winner. Topic 4 Now What? Footer Sportsbook-Ratings.

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Understanding Betting Odds in 5 Minutes

The two teams in a. But they all take place of other bets in baseball key to being able to. What Is a Point Spread. Basketball Boxing Football Golf MMA the money line and you pick who will win the need to understand the odds. The bigger the number after governed by the money line, understand a bet, you just. This form of odds expression money line will allow you. Throughout the rest of the be tricky is the odds, the teams are obviously not these cases of an example. Here is an example:. PARAGRAPHThe spread is 7. You pick a winner.

This is called. Odds expressed in terms of money, with $ being the standard. If the odds are minus (–), then that amount of money must be wagered to win. As a sports bettor, you probably have seen loads of different ways to display odds​. And it varies country-by-country. In American sports betting, the industry.